Wave Analysis Of SQQQ (Ultra short QQQ) Long
ProShares UltraPro Short QQQNASDAQ
Description
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Along the downtrend line,
A last motive wave(05) possibly had run to the end.
It seems that a three soldiers stalled pattern had stopped the last motive wave.
But it must be verified by the following candles.
If K4 close upon the downtrend line or K2 to establish a bullish morning star pattern.
It is possible that the bear market will be reversed here.